Animoca Brands revenue climbs as AI cuts costs by 12%

Animoca Brands reported $314 million in bookings for 2024, marking a 12% year-over-year increase.

Bookings is a term commonly used in the gaming sector to represent the sum of revenue and deferred revenue. It includes all payments received and potential sales based on contracts not yet fulfilled. 

According to Animoca Brands, its Digital Asset Advisory (DAA) business accounted for $165 million in bookings in 2024, a 116% increase over the previous year. The company’s subsidiaries and incubated projects generated $110 million in bookings, while its investment activities contributed $39 million.

In total, the company recorded $314 million in bookings for 2024, a 12% increase compared to 2023, when the company reported $280 million.